Larry Gross, Senior Consultant for FTR commented on the forecast for their Shippers Conditions Index, 'The current 'soft spot' in the recovery is providing some breathing room for shippers as the growth in freight has slowed. At the same time, we have moved back our forecasts for regulation-based tightening of the supply of trucks, as the Federal government has delayed the implementation of new driver regulations.' This is a temporary respite in our view. The SCI will start to deteriorate once again as the economy begins to re-accelerate later this year.' As the new trucking regulations begin to kick in, shipping costs will increase through 2012 with transport costs such as fuel, equipment and labor rising faster than the general rate of inflation.'
In reversal, FTR shippers condition index improves
posted by AJOT | Jun 14 2011 at 08:00 PM | International Trade